subject: Credit-Card: Never Pay Interest, Enjoy All The Benefits! [print this page] Credit-Card: Never Pay Interest, Enjoy All The Benefits!
Credit cards come with so many perks and incentives, it would be a shame not to use them and take advantage of all the cash backs, points, and discounts on things offered through using credit cards, especially since it is the only way to build up good credit. You need good credit to not only qualify for loans, but to get the lowest interest rate possible. A lot of people are scared of using credit cards because they do not trust themselves enough to not put more on the card each month that they can pay off, thus being straddled with a lot of interest, and balances that build up while the interest rate gets higher. However, there are ways to protect yourself against that.
If you are nervous that you may spend more on your credit card than what you can pay off each month, there are a few things you can do. First, make sure your finances are such that you can afford to build up a savings. If you do not have any money left at the end of the month, it would be wise to go through your expenses and see what you can cut down on, and what you can do without. You will be very surprised at how much a bunch of little things can add up to be per month!
Once you have your finances under control and you are able to set a certain amount of money aside for savings each month, you can use your credit card with a little more ease because if for some reason you spend more than what you can pay off that month, you can use your savings to help you pay your credit card balance that month. You can also check how much you have spent on your credit card as many times as you want to ensure you do not go over. As long as you always pay your balance in full and on time at the end of each month, you will never have to pay interest, but you can enjoy all the benefits!
